Construction firms to focus on partner rating system

Tuesday, Apr 17, 2018 10:09

Representatives discuss the criteria for evaluating bidders participating in the project in two stages: pre-bidding and post-bidding. — Photo

Partner rating is a necessary and significant step, directly improving the quality of construction, and indirectly helping to improve the capacity, responsibility and professionalism of enterprises.

The statement was made by Ngo Huu Tiep, chairman of GIZA Engineering and Construction JSC (Giza E&C) at a conference held in Ha Noi on Monday.

Contractors participating in construction are important factors contributing to the success of projects. The ability of partners, especially sub-contractors, as well as the co-ordination between contractors and sub-contractors, has a direct impact on the progress and quality of implementing project, followed by the prestige of the general contractor.

Understanding the role of sub-contractors, construction workers and suppliers in the value chain of the construction industry, Giza E&C has researched and issued a partner rating system to help improve the contractor’s awareness of construction management, quality and safety.

The ultimate and most important goal of this rating system is to select suitable partners to carry out the project, encourage contractors to improve and enhance their own capacity, thereby improving the quality of the building, Tiep told Viet Nam News.

The main topic of discussion at the conference was the promulgation of criteria for evaluating bidders participating in the project in two stages: pre-bidding and post-bidding. The four key stakeholder groups involved are subcontractors, suppliers, construction teams and credit institutions, with different rating scales.

The selection of pre-bids to help classify to determine the subcontractor’s construction specialty as well as the size of construction work that the contractor can take. Accordingly, the evaluation criteria will be based on five groups (finance, human resources, technology and techniques, experience), with each criterion group containing different indicators, Tiep said.

Giza E&C also pays attention to evaluating, ranking partners during and after construction.

The year 2017 has marked the success of Viet Nam’s economy in achieving GDP growth of 6.81 per cent - the highest level in the past six years. The domestic construction sector has witnessed an impressive growth, with many new emerging names which are quickly meeting the quality requirements of international investors, besides the well-known companies in the sector.

With the motto of co-development, new contractors are catching the new trend - design and construction (D&B) in order to provide full package services for investors from design to construction, equipment installation and maintenance.— VNS

Comments (0)